{"id":611833,"date":"2023-12-13T00:00:00","date_gmt":"2023-12-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/el-sisi-expected-to-claim-overwhelming-victory-in-presidential-ballot-as-vote-count-begins\/"},"modified":"2023-12-13T00:00:00","modified_gmt":"2023-12-13T00:00:00","slug":"el-sisi-expected-to-claim-overwhelming-victory-in-presidential-ballot-as-vote-count-begins","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/el-sisi-expected-to-claim-overwhelming-victory-in-presidential-ballot-as-vote-count-begins\/","title":{"rendered":"El Sisi expected to claim overwhelming victory in presidential ballot as vote count begins"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Election vote count begins as polls close: <\/strong>The National Elections Authority (NEA) has begun to count the ballots in this week\u2019s presidential election, it said in a presser (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=HnheWmKBiuY\" style=\"\" rel=\"noopener\">watch, runtime: 18:17<\/a>) yesterday as polls across the country prepared to close following three days of voting. The authority didn't provide updates on the final turnout figure or participation rate, which local media <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6c3b3d57-e897-4194-9df7-2ed592aee569\" style=\"\" rel=\"noopener\">has said<\/a> could be the highest ever. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No-one is expecting a close race:<\/strong><\/p>\n<ul>\n<li><strong>Local media is already reporting overwhelming victories for El Sisi<\/strong> in several areas (See: <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/4thfftb4\" style=\"\" rel=\"noopener\">Alexandria<\/a>, <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/35pdu85n\" style=\"\" rel=\"noopener\">Ras Ghareb<\/a>), with Hazem Omar in a distant second place. (Our thoughts go out to Al Wafd\u2019s Abdel-Sanad Yamama, who reportedly won all of 43 votes in the Red Sea district.)<\/li>\n<li><strong>The global press called it a while ago<\/strong>, with a third El Sisi term being described as \u201c <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-12\/egypt-nears-end-of-three-day-vote-with-sisi-win-all-but-assured\" style=\"\" rel=\"noopener\">all<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-12\/egypt-nears-end-of-three-day-vote-with-sisi-win-all-but-assured\" style=\"\" rel=\"noopener\">but certain<\/a>,\u201d the results <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/12\/world\/middleeast\/egypt-election-el-sisi.html?searchResultPosition=2\" style=\"\" rel=\"noopener\">suspense-free<\/a>, and his expected victory \u201c <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-sisi-cruises-towards-victory-subdued-election-2023-12-12\/\" style=\"\" rel=\"noopener\">sweeping<\/a>.\u201d<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When will the results be announced?<\/strong> Monday 18 December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2- After the count: A debt restructure, Morgan Stanley suggests:<\/strong> The government is likely to restructure its debt in 2024 soon after the election amidsoaring borrowing costs, according to a Morgan Stanley note picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-11\/morgan-stanley-lists-9-surprises-that-could-jar-emerging-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they\u2019re saying:<\/strong> \u201cGiven sufficient reserves to service upcoming external debt obligations in 2024, any restructuring will likely be pre-emptive in nature,\u201d strategists at the investment bank wrote. \u201cThe relatively high and rising interest expense to revenue ratio into 2025 could force the authorities to take the pain upfront (soon after elections) and restructure.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The government\u2019s interest bill <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22bb2d4c-8c1d-4aef-be7c-87068e127e5a\" style=\"\" rel=\"noopener\">more than doubled<\/a> y-o-y in the first quarter of the current fiscal year and significantly outpaced rising revenues. The cost of debt service alone was more than 40% higher than total revenues during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Forget a float:<\/strong> A staggered devaluation is likely to be authorities\u2019 course of action when they eventually let the EGP slip against the greenback following the election, the investment bank wrote in a separate note picked up by <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/55eru99v\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just hours into the count, local media are reporting sweeping wins for the president in some districts<\/p>\n","protected":false},"author":1,"featured_media":611834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[96,104,7311,72,508,127],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-_newspack_politics","tag-abdel-fattah-el-sisi","tag-economy","tag-election-2023","tag-enterpriseam","tag-morgan-stanley","tag-politics","wpautop","entry"],"acf":{"mongo_id":"3b22a286-797e-4fd9-b6ce-7e98de64bb04","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/878.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Sisi expected to claim overwhelming victory in presidential ballot as vote count begins","related_issue":[611828],"teaser":"Just hours into the count, local media are reporting sweeping wins for the president in some districts","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.13ca5704-44e0-4485-8e88-bccb484042c4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The global media\u2019s coverage of Egypt this morning was split between the election results being a foregone conclusion and monitoring measures taken to ensure a high turnout. The Associated Press\u2019 Maggie Michael says the polls open with President Abdel Fattah El\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629854,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/03\/talking-heads-capitalized-on-their-last-chance-to-fixate-on-the-election\/","url_meta":{"origin":611833,"position":2},"title":"Talking heads capitalized on their last chance to fixate on the election","author":"enterpriseam admin","date":"3 April 2018","format":false,"excerpt":"As expected, the talking heads reveled in election results last night following the announcement of President Abdel Fattah El Sisi\u2019s landslide victory.Runner-up Moussa Mostafa Moussa did not seem too upset to have finished third in a two-man race and instead took the time to praise voters for turning out. He\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603026,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/14\/proposed-tweak-of-constitutional-amendments-could-see-el-sisi-in-office-until-2038\/","url_meta":{"origin":611833,"position":3},"title":"Proposed tweak of constitutional amendments could see El Sisi in office until 2038","author":"enterpriseam admin","date":"14 April 2019","format":false,"excerpt":"LEGISLATION WATCH- All constitution, all the time: Constitutional changes designed to lengthen presidential terms and bring back the upper house of parliament are set to be signed off today by the House of Representatives\u2019 Legislative and Constitutional Affairs committee. A proposed tweak could see El Sisi in office until 2038:\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611686,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/11\/election-election-election\/","url_meta":{"origin":611833,"position":4},"title":"Election, election, election","author":"enterpriseam admin","date":"11 December 2023","format":false,"excerpt":"The presidential election continues to dominate the conversation on Egypt internationally this morning: The foreign press is focusing on the troubling economic and geopolitical backdrop to the vote, the high likelihood of President El Sisi securing a third term in office, and scenes at polling stations on the first day\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/657.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611847,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/global-press-calls-election-for-el-sisi\/","url_meta":{"origin":611833,"position":5},"title":"Global press calls election for El Sisi","author":"enterpriseam admin","date":"13 December 2023","format":false,"excerpt":"The foreign press is calling the election for President El Sisi, six days ahead of the official announcement: El Sisi is \u201ccruising\u201d to a third term in office, writes Reuters, while the Associated Press says he\u2019s \u201calmost certain\u201d to win. There\u2019s \u201cno suspense over the winner,\u201d declares a headline in\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/876.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=611833"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611833\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/611828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611834"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611833"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611833"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}